Important Advisory on Changes in the Terms & Conditions of your RCBC Bankard

Please be advised of the following changes in the Terms and Conditions governing the Issuance and Use of your RCBC Bankard Credit Card:

Effective November 3, 2020:

  • The Monthly Interest Rate will be lowered from 3.5% (for regular Cards) or 2.5% (for InstaCard) to 2% for both regular Cards and InstaCards.

  • The Cash Advance Fee will be decreased from 3% of cash amount availed or ₱500|US$10 for Dollar Cards (whichever is higher) to ₱200|US$4 (for Dollar Cards) per transaction.

Effective December 1, 2020:

RCBC Bankard Rewards Points/Airmiles/Cash Rebate (“Rewards”) will be awarded on statement cycle date. Rewards will be awarded only to accounts that are current and in good credit standing.  

Effective January 1, 2021:

The required Minimum Amount Due will be reduced from 5% to 3% of the Total Amount Due, computed as:

(Total Statement Balance – Transactions Posted on the Current Statement - Amount Past Due – Current Late Charge) * 3% + (Amount Past Due + Current Late Charge + Current Over Limit Amount) OR ₱500 whichever is higher.

The computed amount will then be rounded down to the nearest multiple of ₱100 for Minimum Amount Due between ₱500 – ₱1,000, ₱500 for Minimum Amount Due between ₱1,000 to ₱3,000 and ₱1,000 for Minimum Amount Due above ₱3,000.